https://www.taxtmi.com/caselaws?id=100978 Full and true disclosure before the Settlement Commission, together with cooperation and payment of the admitted duty liability, satisfied the statutory conditions for immunity from prosecution, and such immunity was granted. However, the Commission did not accept complete waiver of penal consequences and held that reduced penalties could still be sustained as part of the settlement. The outcome was prosecution immunity with partial relief from penalty and interest-related consequences, while lesser penalties remained imposed on the applicants. en-us Wed, 02 Jan 2002 00:00:00 +0530 Wed, 08 Feb 2012 11:51:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100978 Full and true disclosure before the Settlement Commission, together with cooperation and payment of the admitted duty liability, satisfied the statutory conditions for immunity from prosecution, and such immunity was granted. However, the Commission did not accept complete waiver of penal consequences and held that reduced penalties could still be sustained as part of the settlement. The outcome was prosecution immunity with partial relief from penalty and interest-related consequences, while lesser penalties remained imposed on the applicants. Case-Laws Central Excise Wed, 02 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100978